Peabody Energy (BTU -1.6%) is downgraded to Hold from Buy at Brean Murray, which cites a lack of...

Peabody Energy (BTU-1.6%) is downgraded to Hold from Buy at Brean Murray, which cites a lack of clear catalysts moving forward. While increasing efficiency and lowering costs in Australia have the greatest potential to enlarge BTU's returns, the firm expects these potential advancements will be offset by seaborne met coal price weakness.